If you share any information related to this bank, then you may have to face financial loss. Many fake websites and apps (Unauthorized / Unverified Apps) are targeting customers by sending their link to update KYC.
RBI has alerted the bank customers. While issuing an alert to the customers, RBI said that fraud is being done continuously in the name of KVEC update. Banks never ask for any information related to you over the phone. So do not share your personal information on such phone calls.
RBI issued alert
RBI has warned the customers that if you have given your personal information to someone, then it may be possible that he can vacate it by transacting with your bank account. RBI said that in the recent past, there have been a large number of complaints of frauds in the name of updating KYC. For this, hackers first ask customers to update KYC through calls, SMS or e-mails. Then after getting their personal information, they empty the bank account.
With just one click, the bank account will be empty
RBI has alerted that on phone calls, SMS or otherwise, someone asks you for your account information, personal details like login ID, card details, PIN, OTP (PIN / OTP) If you ask for information, then you get alert. If you share any information related to this bank, then you may have to face financial loss. Many fake websites and apps (Unauthorized / Unverified Apps) are targeting customers by sending their link to update KYC. Customers should not install such apps.
Take these measures to avoid fraud
The Reserve Bank has clarified that none of your personal information is sought through the apps. If you want to do a general update, then for this there is complete information on the authorized app. Here too the same things can be done so that the privacy of your account remains. If you find some such apps on the internet that tempt you, or ask you to upload unnecessary documents, then be alert. If an elder in the house is using online banking facilities, then unwanted apps can be resisted from being downloaded on their mobile. Using fake apps can freeze, block or even close your bank account. Explain that as soon as the customer shares his personal information with any unauthorized person, They get complete access to your bank account. To avoid this, RBI advises that customers should immediately contact the bank or their branch instead of updating online.
The circular is issued before KYC updation
RBI has clarified that this work is done on a large scale for any regulatory body to update KYC. The circular is issued before starting the process. Such a circular was issued on 10 May 2021. At the same time, a circular was issued on 5 May 2021. During the process of KYC updation, the bank accounts of the customers will not be closed till December 31, 2021. KYC updation can be ordered by regulators, enforcement agencies or courts in special circumstances.
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